AGENCY TESTIMONY
Tax exemptions and community benefits of nonprofit hospitals
0:25:01
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59 sec
Dr. Morse discusses the substantial tax exemptions received by nonprofit hospitals and the expectation that they provide community benefits in return. She highlights concerns about some hospitals not meeting their fair share of community health initiatives.
- Cites a 2022 report by the Lown Institute, stating that 21 NYC hospitals receive over an estimated $1.5 billion in federal, state, and local tax exemptions
- Explains that hospitals must legally provide a community benefit to earn these tax benefits
- Highlights that several major NYC private hospitals have a 'fair share deficit,' spending less on meaningful community health initiatives than the value of their tax exemptions
- Emphasizes how this underspending creates inequities, leaving safety net hospitals overburdened with increased demand
Dr. Michelle Morse
0:25:01
Nonprofit hospitals received substantial public subsidies in the form of tax exemptions.
0:25:07
According to a 2022 report by the Lown Institute, 21 New York City House receive over an estimated $1,500,000,000 in federal, state, and local tax exemptions.
0:25:20
To earn these tax benefits, hospitals must legally provide a community benefit.
0:25:27
Several major New York City private hospitals have what Lown identifies as a fair share deficit, spending less on meaningful community health initiatives than the value of the tax exemptions they receive.
0:25:40
This spending data reveals that some New York City hospitals have a deficit of 100 of 1,000,000 of dollars.
0:25:47
When not all institutions do their part to care for uninsured and publicly insured patients, The inequities that are created are compounded when unfairly overburdened safety net hospitals are left to face increased demand.
